Inside Higher Ed: Those forecasting a wave of college closures find themselves with a glut of recent anecdotes to support their story.
It has not been a good fall for small, private liberal arts colleges. Last week, St. Gregory’s University in Oklahoma said it is closing at the end of the semester. The news came on the heels of a similar announcement by the Memphis College of Art in late October, an announcement that itself arrived just weeks after Grace University in Omaha, Neb., unveiled plans to shut down.
Flip back a little farther in the calendar, to when Saint Joseph’s College in Rensselaer, Ind., decided in February to suspend academic operations at the end of the spring semester. Now, only 17 people work at the college as it tries to come up with plans for a future incarnation, even as it has been selling off its assets in hopes of raising funds to pay for those plans.